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February Retail Sales Dip and So Do January’s
By: Tadia Toussaint Retail sales not only declined in February, but January’s report was significantly revised down, raising concerns about consumer sentiment. The Commerce Department’s report shows signs that […]
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Continuously Plummeting Gas Costs Disguise Increasing Overall Consumer Prices
By Anna Roberts Consumer prices dipped in February– largely due to dwindling gas prices– however important elements like housing costs and medical expenses rose healthily last month, indicating that inflation […]
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A strong U.S. dollar continues to hurt exports
By: Rheaa Rao Dollar appreciation leading to declining exports widened the trade deficit in January. The trade deficit in goods and services in January was $45.7 billion- more than what […]
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U.S. auto sales hit 15-year February high
The auto industry just had its best February in 15 years, raising hopes that another banner year for auto sales will follow a record setting 2015. U.S. auto sales rose […]
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Housing Continues To Gain Momentum
The solid rise of home prices in December capped a year that saw the housing market strengthen because of a growing economy and low mortgages […]
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Retail Sales Increase Steadily in January
By: Tadia Toussaint The retail sales rate continued to rise steadily in January, despite a weakened stock market and slowing global growth. With January retail sales stronger than economists expected, […]
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January Durable Goods Report
By Guglielmo Mattioli Orders for long-lasting manufactured goods picked up in January, recovering from previous month record low and exceeding economists’ expectations. In January, orders climbed up to 4.9% compared […]
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New Year, New Econo-‘Me’: Americans Start Off 2016 By Earning and Spending More
By: Zameena Mejia The U.S. economy picked up steam in early 2016 as consumers earned and spent more, surpassing weak expectations and overcoming December’s bleak spending. Consumer spending rose 0.5 […]
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Consumer prices dormant this January in early sign of future inflation growth
By, Anna Roberts Consumer prices lay dormant this January, remaining unchanged since December signaling that an increase in inflation rates is not far off, as a stagnant figure is preferable to the […]
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Poultry demand takes flight as red meat prices spike
By Jacob Passy Thanksgiving is over six months away. But that’s not stopping American consumers from breaking out the turkey – and chicken and eggs, to boot. More people are […]